February 27, 2015 1:21 AM ET

Capital Markets

Company Overview of Point72 Asset Management, L.P.

Company Overview

Point72 Asset Management, L.P. is a privately owned family office. The firm invests in the public equity markets. It employs long/short equity strategy to make its investments. The firm was formerly known as S.A.C. Capital Advisors L.P. Point72 Asset Management, L.P. was founded in 1992 and is based in Stamford, Connecticut with additional offices in Tokyo, Japan; Hong Kong; Singapore; Boston, Massachusetts; and New York City.

72 Cummings Point Road

Stamford, CT 06902

United States

Founded in 1992

Phone:

203-890-2000

Fax:

203-823-4200

Key Executives for Point72 Asset Management, L.P.

Founder, Chief Executive Officer, Managing Director, and Portfolio Manager
Age: 58
Firm President
Age: 48
Chief Financial Officer
Director of Research and Head of Equities
General Counsel
Compensation as of Fiscal Year 2014.

Point72 Asset Management, L.P. Key Developments

Point72 Asset Management, L.P. Names Mike Butler as Head of Human Capital for the Firm

Point72 Asset Management, L.P. has named Mike Butler as head of Human Capital for the Firm. In his new role, Mr. Butler, of Ridgefield, CT, will be responsible for Point72â s Human Resources function, the team responsible for vetting new hires, and its Community Matters and Life Learning Events programs. In addition, Mr. Butler will be the Firm's liaison to the Point72 Advisory Board when it convenes. He assumes these new responsibilities immediately.

Thomas Conheeney to Leave Point72

Thomas Conheeney, who had been president of SAC Capital Advisors and Point72 Asset Management, is leaving Steve Cohen after 15 years. Conheeney will stay on in an advisory role until year-end. Douglas Haynes, who had been a director at McKinsey, is replacing him. Haynes has been at the firm since February as managing director of human capital. The family office has about 850 people compared with almost 1000 at its peak. Meanwhile, Solomon Kumin, the former SAC Capital chief operating officer, obtained a $400 million investment from Leucadia National Corporation for Folger Hill Asset Management, his start-up hedge fund.

Elan Investors Clear to Sue over Losses

A US Federal judge narrowed but refused to dismiss lawsuits by former Elan and Wyeth shareholders seeking to recoup losses from billionaire investor Steven A. Cohen and his firm SAC Capital Advisors LP. The lawsuit is over alleged insider trading in the drugmakers' stocks. U.S. District Judge Victor Marrero in Manhattan dismissed claims for Elan transactions before May 13, 2008 and Wyeth transactions before July 15, 2008, but refused to dismiss other claims. He also rejected motions to dismiss the lawsuit by Mathew Martoma, a former portfolio manager at SAC's CR Intrinsic unit who was later found guilty of insider trading, and Sidney Gilman, a professor who prosecutors said gave Martoma tips.

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